Gendell Jeffrey L Takes Position in Ranger Energy Services, Inc. (NYSE:RNGR)

Gendell Jeffrey L acquired a new position in shares of Ranger Energy Services, Inc. (NYSE:RNGRFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 105,620 shares of the company’s stock, valued at approximately $1,080,000. Gendell Jeffrey L owned about 0.43% of Ranger Energy Services as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Foundry Partners LLC increased its position in Ranger Energy Services by 419.5% during the fourth quarter. Foundry Partners LLC now owns 255,830 shares of the company’s stock worth $2,617,000 after acquiring an additional 206,580 shares during the period. Ritholtz Wealth Management increased its holdings in shares of Ranger Energy Services by 53.6% during the 4th quarter. Ritholtz Wealth Management now owns 19,444 shares of the company’s stock worth $199,000 after purchasing an additional 6,788 shares during the period. Trexquant Investment LP raised its position in shares of Ranger Energy Services by 60.1% during the third quarter. Trexquant Investment LP now owns 46,726 shares of the company’s stock valued at $663,000 after buying an additional 17,545 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Ranger Energy Services by 6.3% in the fourth quarter. Franklin Resources Inc. now owns 419,900 shares of the company’s stock valued at $4,296,000 after buying an additional 24,900 shares during the period. Finally, Bailard Inc. grew its position in Ranger Energy Services by 40.7% during the fourth quarter. Bailard Inc. now owns 25,600 shares of the company’s stock worth $262,000 after buying an additional 7,400 shares in the last quarter. Institutional investors own 68.10% of the company’s stock.

Ranger Energy Services Stock Performance

Ranger Energy Services stock traded down $0.26 during trading hours on Thursday, hitting $10.00. The stock had a trading volume of 39,581 shares, compared to its average volume of 162,055. Ranger Energy Services, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $14.64. The company has a market cap of $228.83 million, a PE ratio of 15.09 and a beta of 0.61. The company has a 50-day moving average of $10.54 and a two-hundred day moving average of $10.44. The company has a quick ratio of 1.90, a current ratio of 2.01 and a debt-to-equity ratio of 0.05.

Ranger Energy Services (NYSE:RNGRGet Free Report) last issued its earnings results on Tuesday, May 7th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.08). The firm had revenue of $136.90 million during the quarter, compared to the consensus estimate of $135.00 million. Ranger Energy Services had a return on equity of 6.18% and a net margin of 2.73%. On average, equities research analysts anticipate that Ranger Energy Services, Inc. will post 0.43 EPS for the current fiscal year.

Ranger Energy Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.00%. The ex-dividend date was Thursday, May 16th. Ranger Energy Services’s dividend payout ratio (DPR) is presently 29.41%.

Insiders Place Their Bets

In other news, Director Charles S. Leykum sold 6,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $11.64, for a total value of $69,840.00. Following the sale, the director now owns 3,994,000 shares in the company, valued at approximately $46,490,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Charles S. Leykum sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $11.64, for a total transaction of $69,840.00. Following the completion of the sale, the director now owns 3,994,000 shares of the company’s stock, valued at $46,490,160. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Charles S. Leykum sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $11.40, for a total value of $285,000.00. Following the completion of the transaction, the director now directly owns 3,969,000 shares in the company, valued at $45,246,600. The disclosure for this sale can be found here. Insiders sold a total of 378,000 shares of company stock worth $4,212,500 over the last quarter. Company insiders own 2.00% of the company’s stock.

Ranger Energy Services Company Profile

(Free Report)

Ranger Energy Services, Inc provides onshore high specification well service rigs, wireline services, and complementary services to exploration and production companies in the United States. It operates through three segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services.

Further Reading

Institutional Ownership by Quarter for Ranger Energy Services (NYSE:RNGR)

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